If you think today's announcement that the Israelis and Palestinians are going to resume direct talks is a significant breakthrough, you haven't been paying attention for the past two decades (at least). I wish I could be more optimistic about this latest development, but I see little evidence that a meaningful deal is in the offing.

Why do I say this? Three reasons.

1. There is no sign that the Palestinians are willing to accept less than a viable, territorially contiguous state in the West Bank (and eventually, Gaza), including a capital in East Jerusalem and some sort of political formula (i.e., fig-leaf) on the refugee issue. By the way, this outcome supposedly what the Clinton and Bush adminstrations favored, and what Obama supposedly supports as well.

2. There is no sign that Israel's government is willing to accept anything more than a symbolic Palestinian state consisting of a set of disconnected Bantustans, with Israel in full control of the borders, air space, water supplies, electromagnetic spectrum. etc. Prime Minister Netanyahu has made it clear that this is what he means by a two-state solution, and he has repeatedly declared that Israel intends to keep all of Jerusalem and maybe a long-term military presence in the Jordan River valley. There are now roughly 500,000 Israeli Jews living outside the 1967 borders, and it is hard to imagine any Israeli government evacuating a significant fraction of them. Even if Netanyahu wanted to be more forthcoming, his coalition wouldn't let him make any meaningful concessions. And while the talks drag on, the illegal settlements will continue to expand.

3. There is no sign that the U.S. government is willing to put meaningful pressure on Israel. We're clearly willing to twist Mahmoud Abbas' arm to the breaking point (which is why he's agreed to talks, even as Israel continues to nibble away at the territory of the future Palestinian state), but Obama and his Middle East team have long since abandoned any pretense of bringing even modest pressure to bear on Netanyahu. Absent that, why should anyone expect Bibi to change his position?

So don't fall for the hype that this announcement constitutes some sort of meaningful advance in the peace process. George Mitchell and his team probably believe they are getting somewhere, but they are either deluding themselves, trying to fool us, or trying to hoodwink other Arab states into believing that Obama meant what he said in Cairo. At this point, I rather doubt that anyone is buying, and the only thing that will convince onlookers that U.S. policy has changed will be tangible results. Another round of inconclusive talks will just reinforce the growing perception that the United States cannot deliver...